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D'Amico Orders Two 'Eco' LR1 Product Tankers

Maritime Activity Reports, Inc.

April 28, 2015

 D'Amico International Shipping has ordered two new long range one product tankers, to be built by Vietnam’s Vinashin Shipyard Co for about $44m each.

The tankers are expected to be delivered mid-2017.
The 75,000-dwt eco-LR1 product tankers will be built in Vietnam by Vinashin Shipyard; delivery is expected in mid-2017, parent company D’Amico International said today.
The above two double‐hull new buildings are the latest ECO design vessels with the highest fuel efficiency. The vessels will have an attained Energy Design Index (EEDI) falling already well within the IMO phase-in 2 requirements due for vessels to be built before 31st December 2024, being of 25% lower than the current IMO reference line.
DIS fleet includes 52.8 double-hull product tankers (MR and Handysize) with an average age of about 7.3 years (of which 23.3 owned vessels and 29.5 chartered-in vessels).
“The trend of our industry is pointing towards an expansion of the tonne/mile demand, following the concentration of the world refining capacity in the US and in the Middle and Far East,” Marco Fiori, CEO of d’Amico International Shipping, said.
“In this context, I believe LR1s, with their larger cargo capacity, will be in great demand in the years to come, thanks to their ability to carry larger quantities on the same distances. In fact, we are actually seeing a constantly growing demand from oil majors and leading market players for these types of ships.”

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